Turkey Wins Fitch Upgrade After Switch to Economic Orthodoxy
- Fitch ups nation’s rating to B+ from B, outlook positive
- Central bank has raised policy rate to tackle inflation
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Turkey’s credit rating was upgraded by Fitch, as the government’s return to orthodox economic policy reduces financial stability risks and balance-of-payments pressures.
Fitch moved Turkey’s rating one notch higher to B+ from B with a positive outlook, according to a statement Friday.